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San Francisco Peninsula First Quarter 2013 Office & Industrial Market Updates

San Francisco Peninsula First Quarter 2013 Office & Industrial Market Updates

The San Francisco Peninsula commercial real estate market consists of the following cities: Brisbane, Daly City, South San Francisco, San Bruno/Millbrae, Burlingame, San Mateo, Foster City, Belmont/San Carlos, Redwood Shores, Redwood City and Menlo Park. Colliers International just released first quarter 2013 statistics.
San Francisco Peninsula Commercial Real Estate Office Update
The San Francisco Peninsula office market rents have shown modest but steady increase despite rising vacancy rates. Overall, the Peninsula and Silicon Valley benfitted from strong commercial real estate recovery. There is a limited supply of high end office space. First quarter 2013 gross absorption was 856,956 sq ft.
San Francisco Peninsula Commercial Real Estate R&D/Industrial Updates
The San Francisco Peninsula R&D/Industrial market saw strong gains in 1Q13, compared to 4Q122. R&D rates have jumped from $1.83 NNN to $1.94 NNN, and industrial rates have inched up from $0.79 NNN to $0.81 NNN.

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